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U.S. GDP revised to 33.1 % in the third-quarter
GDP, U.S. Economy
The third and final government estimate of third-quarter GDP, shows that the nations output has accelerated in the third-quarter, as consumer spending, investments and exports play major role in the advance.
Gross domestic product grew in double digits in third-quarter by 33.1 % to $21,158 billions, an increase from $19,520 billions in the second-quarter on the seasonally adjusted basis, as imports grew the most, up 91.1 %, reported by the U.S. Commerce Department. One of the big stories of the third-quarter was strong consumer spending. There was also an increase in businesses investments and the trade sector made also positive contribution.
These data represent an encouraging confirmation that the recovery in manufacturing activity is continuing.
The revised GDP data showed strong gains registered by consumers in spending and income, which were revised higher than in the previous quarter. Salaries and Worker wages grew by 4.85 % quarterly.
From , nation's output deteriorated by -2.9 %. |
Investments grew in double digits in third-quarter by 83.00 % to $3,670 billions, on the seasonally adjusted basis, reported by the U.S. Commerce Department.
Government spending on national defense grew 3.00 %, it accounts for 4.19 % of total U.S. economy and 23.20 % of total government spending. Spending by government at all levels faded by -4.50 %.
• More on U.S. Real Gross Domestic Product
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Contributions
to Percent Change in Real GDP |
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25.27% |
11.58% |
-0.68% |
4.88% |
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Note |
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This is the third and final revision in the government's estimate of third-quarter growth in goods and services. The government provides three estimates of economic growth each reflecting more complete information than the previous one.
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International Trade |
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Diversified |
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U.S. growth would have been even faster if imports, which subtract from GDP, hadn't increased sharply: Imports rose 91.10 % from -54.00 % in the third-quarter.
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Consumer spending grew in double digits in third-quarter by 40.7 %
With estimated annual rate of $14,395 billions, seasonally adjusted in the second-quarter, consumer spending accounts for 73.87 % of economic activity on the seasonally adjusted basis, led by 47.65 % increase in spending on recreation, reported by the U.S. Commerce Department.
Spending on U.S. made Goods increased by 28.8 %, where consumption of Durable Goods grew by 82.2 %, led by growing demand for new cars.
The bright spot of consumer spending was the increasing demand for nondurable goods, by 38.4 %, was helped by improving consumption gasoline and other energy goods, up 31.41 %.
U.S. Sevice sector grew faster than gross national product by 45.4 %, led by 47.65 % increase in spending on recreation. Consumer spending for services accounts for 73.12% of total speding and 48.96% of total GDP.
Excluding imports, final sales of goods and services purchased in the U.S. rose 25.5 % through the July-through-September period.
• Relation of U.S. GDP, U.S. GNP
• Corporate Profits by Industry
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Quarters seasonally adjusted
(At annual rates Q / Q, in %) |
III Quarter
2020
final |
II Quarter
2020
rev. |
I Quarter
2020
adv. |
IV Quarter
2019
final |
III Quarter
2019
rev. |
II Quarter
2019
adv. |
| Gross domestic product (GDP) |
|
33.1 % |
-31.7 % |
-5 % |
2.1 % |
2.1 % |
2 % |
|
Personal consumption expenditures |
|
40.7 % |
-34.1 % |
-6.8 % |
1.7 % |
3.2 % |
4.6 % |
| Goods |
|
28.8 % |
-14.9 % |
8 % |
-0.3 % |
3.9 % |
6.5 % |
| Durable goods |
|
82.2 % |
-1.3 % |
-13.8 % |
2.6 % |
8.1 % |
13 % |
| Nondurable goods |
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38.4 % |
-43.1 % |
-9.8 % |
2.2 % |
2.2 % |
2.8 % |
| Services
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45.4 % |
-10.6 % |
0.2 % |
0.7 % |
5.3 % |
8.6 % |
| |
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Gross private domestic investment |
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83 % |
-46.2 % |
-10.2 % |
-6 % |
-1 % |
-6.3 % |
| Fixed investment |
|
28.5 % |
-28.9 % |
-1.3 % |
-0.5 % |
-0.8 % |
-1.4 % |
| Nonresidential |
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20.3 % |
-26 % |
-6.4 % |
-2.3 % |
-2.3 % |
-1 % |
| Structures |
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-14.6 % |
-33.4 % |
2.6 % |
-8.1 % |
-9.9 % |
-11.1 % |
| Equipment &
software |
|
70.1 % |
-35.9 % |
-16.6 % |
-4.4 % |
-3.8 % |
0.8 % |
| Residential |
|
59.3 % |
-37.9 % |
18.2 % |
6.2 % |
4.6 % |
-3 % |
| Change in private
inventories |
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- % |
- % |
- % |
- % |
- % |
- % |
| |
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Net exports of goods and services |
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| Exports
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59.7 % |
-63.2 % |
-9 % |
2 % |
1 % |
-5.7 % |
| Goods |
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104.5 % |
-66.3 % |
-1.9 % |
-0.5 % |
2.1 % |
-5.9 % |
| Services |
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-0.6 % |
-56.9 % |
-21.1 % |
7.1 % |
-1.3 % |
-5.1 % |
| Imports
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91.1 % |
-54 % |
-15.7 % |
-8.6 % |
1.8 % |
- % |
| Goods |
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107.9 % |
-49.5 % |
-12.2 % |
-11.5 % |
1.1 % |
0.1 % |
| Services |
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24.2 % |
-69.7 % |
-28.6 % |
4.6 % |
4.8 % |
-0.7 % |
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| Govt. consumption exp.
& gross investment |
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-4.5 % |
2.8 % |
1.1 % |
2.6 % |
1.7 % |
4.8 % |
| Federal |
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-6.2 % |
17.6 % |
2 % |
3.8 % |
3.3 % |
8.3 % |
| National defense |
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3 % |
4.2 % |
1.1 % |
5.3 % |
2.2 % |
3.3 % |
| Nondefense |
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-18.1 % |
40.1 % |
3.3 % |
1.7 % |
5 % |
16.1 % |
| State & local |
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-3.3 % |
-5.5 % |
0.5 % |
1.9 % |
0.7 % |
2.7 % |
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| Addenda: |
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| Final sales of domestic product |
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25.5 % |
-28.5 % |
-3.5 % |
3.1 % |
2.1 % |
3 % |
| Gross domestic purchases |
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36.8 % |
-30.8 % |
-6.1 % |
0.5 % |
2.2 % |
2.6 % |
| Final sales to domestic
purchasers |
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29.2 % |
-27.6 % |
-4.6 % |
1.5 % |
2.2 % |
3.6 % |
| Gross national product
(GNP) |
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- % |
-32.9 % |
-5.6 % |
- % |
2.2 % |
2.8 % |
| Disposable personal income |
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-16.3 % |
47 % |
0.9 % |
1.7 % |
2.9 % |
2.4 % |
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| Current-dollar measures: |
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| GDP |
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38 % |
-33.3 % |
-3.4 % |
3.5 % |
3.8 % |
4.5 % |
| Final sales of domestic product |
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29.9 % |
-29.8 % |
-2.2 % |
4.4 % |
4 % |
5.1 % |
| Gross domestic purchases |
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33.5 % |
-28.6 % |
-3.1 % |
2.9 % |
3.7 % |
5.8 % |
| Final sales to domestic purchasers |
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42.8 % |
-33.9 % |
-4.5 % |
2.5 % |
3.8 % |
5.4 % |
| GNP |
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- % |
-34.5 % |
-4.1 % |
- % |
3.9 % |
4.8 % |
| Disposable personal income |
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-13.2 % |
44.4 % |
2.2 % |
3 % |
4.5 % |
- % |
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Quarters seasonally adjusted
(Quarterly Y / Y, in %) |
III Quarter
2020
final |
II Quarter
2020
rev. |
I Quarter
2020
adv. |
IV Quarter
2019
final |
III Quarter
2019
rev. |
II Quarter
2019
adv. |
| Gross domestic product (GDP) |
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-2.9 % |
-9.1 % |
0.2 % |
2.3 % |
2.1 % |
2.3 % |
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Personal consumption expenditures |
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-2.9 % |
-10.5 % |
0.6 % |
2.6 % |
2.6 % |
2.6 % |
| Goods |
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3.9 % |
-1.7 % |
4.3 % |
3 % |
3.5 % |
3.5 % |
| Durable goods |
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12.7 % |
-1.4 % |
2.2 % |
5.9 % |
5.5 % |
4.4 % |
| Nondurable goods |
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-7.2 % |
-14.5 % |
-0.7 % |
2 % |
1.8 % |
2.1 % |
| Services
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6.9 % |
-1.6 % |
3.6 % |
4 % |
4.2 % |
3.8 % |
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Gross private domestic investment |
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-3.8 % |
-16.8 % |
-6 % |
-1.9 % |
0.4 % |
3.9 % |
| Fixed investment |
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-2.4 % |
-7.7 % |
-1.3 % |
0.1 % |
0.9 % |
1.3 % |
| Nonresidential |
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-5 % |
-8.5 % |
-3.4 % |
-0.3 % |
1.4 % |
2.6 % |
| Structures |
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-15.2 % |
-10.9 % |
-8.1 % |
-6.5 % |
-6.7 % |
-4.8 % |
| Equipment &
software |
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-2.4 % |
-14.9 % |
-6.2 % |
-1.9 % |
1 % |
2.7 % |
| Residential |
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6.6 % |
-4.9 % |
6.4 % |
1.6 % |
-1.1 % |
-3.2 % |
| Change in private
inventories |
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- % |
- % |
- % |
- % |
- % |
- % |
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Net exports of goods and services |
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| Exports
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-14.6 % |
-23.2 % |
-2.9 % |
0.3 % |
0.2 % |
-1.7 % |
| Goods |
|
-9.3 % |
-23.3 % |
-1.4 % |
- % |
0.8 % |
-2.1 % |
| Services |
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-24 % |
-23.2 % |
-5.8 % |
0.9 % |
-1 % |
-0.7 % |
| Imports
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-8.9 % |
-22.4 % |
-5.8 % |
-2.2 % |
0.9 % |
2.6 % |
| Goods |
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-4.2 % |
-20.1 % |
-5.6 % |
-3.4 % |
0.1 % |
2.1 % |
| Services |
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-27.9 % |
-31.8 % |
-6.5 % |
3.3 % |
4.3 % |
4.7 % |
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| Govt. consumption exp.
& gross investment |
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0.4 % |
2.1 % |
2.5 % |
3 % |
2.2 % |
2.3 % |
| Federal |
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3.6 % |
6.8 % |
4.2 % |
4.4 % |
3.7 % |
3.6 % |
| National defense |
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3.3 % |
4 % |
2.7 % |
4.6 % |
4.6 % |
4.8 % |
| Nondefense |
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4.2 % |
10.9 % |
6.4 % |
4.1 % |
2.4 % |
1.9 % |
| State & local |
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-1.6 % |
-0.7 % |
1.4 % |
2.2 % |
1.4 % |
1.6 % |
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| Addenda: |
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| Final sales of domestic product |
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-2.7 % |
-7.6 % |
1.1 % |
2.7 % |
2.2 % |
1.8 % |
| Gross domestic purchases |
|
-2.5 % |
-9.4 % |
-0.2 % |
1.9 % |
2.1 % |
2.8 % |
| Final sales to domestic
purchasers |
|
-2.7 % |
-7.6 % |
1.1 % |
2.7 % |
2.2 % |
1.8 % |
| Gross national product
(GNP) |
|
- % |
-9.7 % |
0.2 % |
- % |
2.2 % |
2.4 % |
| Disposable personal income |
|
6.4 % |
11.9 % |
1.7 % |
2.4 % |
2.9 % |
3.2 % |
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| Current-dollar measures: |
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| GDP |
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- % |
- % |
- % |
- % |
- % |
- % |
| Final sales of domestic product |
|
- % |
- % |
- % |
- % |
- % |
- % |
| Gross domestic purchases |
|
- % |
- % |
- % |
- % |
- % |
- % |
| Final sales to domestic purchasers |
|
- % |
- % |
- % |
- % |
- % |
- % |
| GNP |
|
- % |
- % |
- % |
- % |
- % |
- % |
| Disposable personal income |
|
- % |
- % |
- % |
- % |
- % |
- % |
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U.S. Real Gross Domestic Product and Related Measures
GDP, U.S. Economy in Billions of U.S. dollars
Quarters seasonally adjusted
(At annual rates, in Billions of Dollars) |
III Q. 2020
final |
II Q. 2020
rev. |
I Q. 2020
adv. |
IV Q. 2019
final |
III Q. 2019
rev. |
II Q. 2019
adv. |
| Gross domestic product
(GDP) |
|
21,157.6 |
19,486.5 |
21,539.7 |
21,726.8 |
21,542.5 |
21,340.3 |
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Personal consumption expenditures |
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14,394.8 |
13,046.7 |
14,583.3 |
14,789.3 |
14,678.2 |
14,511.2 |
| Goods |
|
4,854.6 |
4,364.3 |
4,550.1 |
4,559.8 |
4,556.7 |
4,507.0 |
| Durable
goods |
|
1,753.0 |
1,480.1 |
1,485.1 |
1,546.9 |
1,549.7 |
1,524.6 |
| Motor vehicles & parts |
|
593.7 |
486.5 |
493.6 |
541.1 |
537.1 |
533.1 |
| Furniture & household equipment |
|
403.1 |
351.8 |
354.6 |
356.3 |
359.0 |
352.9 |
| Other |
|
233.9 |
169.6 |
214.0 |
225.9 |
227.4 |
223.8 |
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| Nondurable goods |
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3,101.6 |
2,884.2 |
3,065.0 |
3,012.9 |
3,007.0 |
2,982.4 |
| Food off-premises consumption |
|
1,143.0 |
1,135.8 |
1,120.4 |
1,041.5 |
1,042.8 |
1,030.1 |
| Clothing
& shoes |
|
372.6 |
288.6 |
362.5 |
400.5 |
402.3 |
399.3 |
| Gasoline,
fuel, oil & other energy goods |
|
250.2 |
190.4 |
313.0 |
342.9 |
338.0 |
349.3 |
| Other |
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1,335.9 |
1,269.4 |
1,269.1 |
1,228.0 |
1,223.9 |
1,203.6 |
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| Services |
|
9,540.2 |
8,682.4 |
10,033.2 |
10,229.4 |
10,121.5 |
10,004.2 |
| Housing |
|
9,083.0 |
8,111.5 |
9,506.9 |
9,770.1 |
9,670.9 |
9,558.5 |
| Food services |
|
827.1 |
613.2 |
948.4 |
1,035.8 |
1,030.0 |
1,016.1 |
| Electricity & gas |
|
2,805.0 |
2,781.6 |
2,730.4 |
2,708.9 |
2,688.1 |
2,655.9 |
| Financial services |
|
1,212.1 |
1,180.9 |
1,183.4 |
1,178.6 |
1,167.1 |
1,149.1 |
| Transportation |
|
365.7 |
294.7 |
451.7 |
487.4 |
483.2 |
477.0 |
| Medical
care |
|
2,379.2 |
1,991.7 |
2,422.1 |
2,510.4 |
2,476.0 |
2,459.0 |
| Recreation |
|
405.0 |
274.3 |
551.6 |
598.5 |
588.1 |
586.1 |
| Other |
|
1,088.8 |
975.1 |
1,219.3 |
1,250.6 |
1,238.3 |
1,215.4 |
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Gross private domestic investment |
|
3,669.7 |
3,134.2 |
3,629.0 |
3,699.2 |
3,744.6 |
3,749.5 |
| Fixed investment |
|
3,669.8 |
3,432.1 |
3,679.5 |
3,681.3 |
3,677.6 |
3,674.7 |
| Nonresidential |
|
2,773.0 |
2,658.0 |
2,822.6 |
2,863.7 |
2,877.2 |
2,890.0 |
| Structures |
|
562.5 |
585.0 |
615.3 |
608.1 |
619.4 |
633.2 |
| Equipment & software |
|
1,205.7 |
1,057.2 |
1,172.4 |
1,224.1 |
1,237.4 |
1,252.9 |
| Information processing equipment & software |
|
447.5 |
401.6 |
388.7 |
406.8 |
409.2 |
419.0 |
| Computers & peripheral equipment |
|
80.8 |
85.5 |
93.2 |
94.1 |
93.6 |
92.6 |
| Software |
|
421.9 |
423.8 |
431.2 |
421.5 |
421.1 |
411.4 |
| Other |
|
502.0 |
506.6 |
510.5 |
515.9 |
505.8 |
499.9 |
| Industrial equipment |
|
249.6 |
238.8 |
245.5 |
249.3 |
257.3 |
252.4 |
| Transportation equipment |
|
239.1 |
175.9 |
272.4 |
296.1 |
294.8 |
306.0 |
| Other equipment |
|
269.5 |
240.9 |
265.8 |
271.9 |
276.1 |
275.5 |
| Residential |
|
896.8 |
774.0 |
856.8 |
817.6 |
800.3 |
784.7 |
| |
|
|
|
|
|
|
|
| Change
in private inventories |
|
- |
-297.9 |
-50.4 |
17.9 |
67.0 |
74.8 |
| Farm |
|
3.8 |
-1.4 |
0.1 |
-4.3 |
-7.6 |
-8.2 |
| Nonfarm |
|
-3.9 |
-296.5 |
-50.5 |
22.2 |
74.7 |
83.0 |
| |
|
|
|
|
|
|
|
| Net
exports of goods & services |
|
-731.4 |
-536.8 |
-524.7 |
-577.4 |
-653.0 |
-662.7 |
| Exports |
|
2,071.9 |
1,798.5 |
2,420.9 |
2,497.5 |
2,495.1 |
2,504.0 |
| Goods |
|
1,407.0 |
1,134.7 |
1,599.1 |
1,629.4 |
1,638.0 |
1,646.1 |
| Services |
|
664.9 |
663.8 |
821.8 |
868.1 |
857.1 |
858.0 |
| |
|
|
|
|
|
|
|
| Imports |
|
2,803.2 |
2,335.3 |
2,945.6 |
3,074.9 |
3,148.2 |
3,166.7 |
| Goods |
|
2,371.1 |
1,928.9 |
2,379.0 |
2,458.8 |
2,540.9 |
2,566.1 |
| Services |
|
432.2 |
406.5 |
566.6 |
616.0 |
607.2 |
600.6 |
| |
|
|
|
|
|
|
|
| Govt. consumption exp. & investment |
|
3,824.5 |
3,842.4 |
3,852.0 |
3,815.7 |
3,772.8 |
3,742.3 |
| Federal |
|
1,486.6 |
1,509.2 |
1,460.2 |
1,451.9 |
1,432.2 |
1,415.2 |
|
National defense |
|
887.3 |
877.6 |
866.0 |
864.1 |
849.3 |
841.6 |
|
Consumption expenditures |
|
699.9 |
688.3 |
695.4 |
687.9 |
680.2 |
676.9 |
|
Gross investment |
|
187.4 |
189.3 |
170.7 |
176.2 |
169.1 |
164.8 |
|
Nondefense |
|
599.3 |
631.7 |
593.8 |
587.7 |
583.0 |
573.5 |
|
Consumption expenditures |
|
443.5 |
479.3 |
451.0 |
445.1 |
440.9 |
433.6 |
|
Gross investment |
|
155.8 |
152.4 |
143.2 |
142.6 |
142.1 |
139.9 |
| State and local |
|
372.6 |
2,333.1 |
2,391.8 |
2,363.8 |
2,340.5 |
2,327.1 |
| Consumption
expenditures |
|
1,885.7 |
1,884.6 |
1,948.3 |
1,930.6 |
1,913.2 |
1,897.9 |
| Gross
investment |
|
452.2 |
448.6 |
443.5 |
433.2 |
427.4 |
429.2 |
| |
|
|
|
|
|
|
|
| Addenda: |
|
|
|
|
|
|
|
| Final sales of domestic product |
|
21,157.7 |
19,784.4 |
21,590.1 |
21,708.9 |
21,475.5 |
21,265.5 |
| Gross domestic purchases |
|
21,889.0 |
20,023.3 |
22,064.4 |
22,304.2 |
22,195.6 |
22,002.9 |
| Final sales to domestic purchasers |
|
21,889.0 |
20,321.2 |
22,114.8 |
22,286.3 |
22,128.5 |
21,928.1 |
| Gross national product |
|
- |
19,672.0 |
21,815.5 |
- |
21,851.5 |
21,641.3 |
| Net domestic product |
|
17,588.0 |
15,951.3 |
17,988.4 |
18,209.3 |
18,056.7 |
17,893.8 |
Annual U.S. Real Gross Domestic Product and Related Measures
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Quarters seasonally adjusted
(At annual rates Q / Q, in %) |
2019
|
2018
|
2017
|
2016
|
2015
|
2014
|
| Gross domestic product (GDP) |
|
2.3 % |
2.9 % |
2.2 % |
1.5 % |
2.6 % |
2.4 % |
|
Personal consumption expenditures |
|
2.6 % |
2.6 % |
2.5 % |
2.7 % |
3.2 % |
2.5 % |
| Goods |
|
3.2 % |
2.8 % |
2.1 % |
2.8 % |
2.6 % |
1.8 % |
| Durable goods |
|
3.7 % |
3.7 % |
3.7 % |
3.7 % |
4 % |
6.9 % |
| Nondurable goods |
|
2.1 % |
2.1 % |
2 % |
2.3 % |
2.8 % |
2.1 % |
| Services
|
|
1.8 % |
5.9 % |
4.8 % |
-1.6 % |
5 % |
3.4 % |
| |
|
|
|
|
|
|
|
Gross private domestic investment |
|
4.8 % |
5.5 % |
6.8 % |
5.5 % |
6.9 % |
5.8 % |
| Fixed investment |
|
2.1 % |
6.9 % |
5.3 % |
-0.6 % |
2.1 % |
5.3 % |
| Nonresidential |
|
-4.3 % |
5 % |
4.6 % |
-4.1 % |
-4.4 % |
6.3 % |
| Structures |
|
1.3 % |
7.4 % |
6.1 % |
-3.4 % |
3.5 % |
8.2 % |
| Equipment &
software |
|
7.6 % |
7.5 % |
4.6 % |
6.3 % |
4.8 % |
6.4 % |
| Residential |
|
-1.5 % |
-0.3 % |
3.3 % |
5.5 % |
11.7 % |
4.8 % |
| Change in private
inventories |
|
- % |
- % |
- % |
- % |
- % |
- % |
| |
|
|
|
|
|
|
|
Net exports of goods and services |
|
|
|
|
|
|
| Exports
|
|
- % |
4 % |
3 % |
-0.3 % |
0.1 % |
3.2 % |
| Goods |
|
0.2 % |
4.7 % |
3.3 % |
0.3 % |
-0.6 % |
4 % |
| Services |
|
-0.4 % |
2.6 % |
2.5 % |
-1.5 % |
1.6 % |
1.4 % |
| Imports
|
|
1 % |
4.5 % |
4.6 % |
1.3 % |
4.6 % |
4 % |
| Goods |
|
0.2 % |
4.8 % |
4.6 % |
0.9 % |
4.9 % |
4.1 % |
| Services |
|
4.1 % |
3.3 % |
4.4 % |
3.1 % |
2.9 % |
3.6 % |
| |
|
|
|
|
|
|
| Govt. consumption exp.
& gross investment |
|
2.3 % |
1.5 % |
-0.1 % |
0.8 % |
1.8 % |
-0.2 % |
| Federal |
|
3.5 % |
2.6 % |
0.7 % |
- % |
- % |
-1.9 % |
| National defense |
|
4.9 % |
3.4 % |
0.7 % |
-0.7 % |
-2.1 % |
-2.1 % |
| Nondefense |
|
1.6 % |
1.5 % |
0.8 % |
1.2 % |
3.3 % |
-1.5 % |
| State & local |
|
1.6 % |
0.8 % |
-0.5 % |
1.2 % |
2.9 % |
1 % |
| |
|
|
|
|
|
|
| Addenda: |
|
|
|
|
|
|
| Final sales of domestic product |
|
2.2 % |
2.7 % |
2.2 % |
1.9 % |
2.4 % |
2.3 % |
| Gross domestic purchases |
|
2.4 % |
3 % |
2.5 % |
1.7 % |
3.2 % |
2.5 % |
| Final sales to domestic
purchasers |
|
2.3 % |
2.9 % |
2.5 % |
2.1 % |
3.1 % |
2.5 % |
| Gross national product
(GNP) |
|
- % |
2.9 % |
2.3 % |
1.4 % |
2.3 % |
2.3 % |
| Disposable personal income |
|
2.9 % |
2.9 % |
2.6 % |
1.4 % |
3.5 % |
2.5 % |
| |
|
|
|
|
|
|
| Current-dollar measures: |
|
|
|
|
|
|
| GDP |
|
4.1 % |
5.2 % |
4.2 % |
2.8 % |
3.7 % |
3.9 % |
| Final sales of domestic product |
|
4.1 % |
5 % |
4.2 % |
2.1 % |
3.6 % |
3.9 % |
| Gross domestic purchases |
|
4 % |
5.3 % |
4.2 % |
2.5 % |
3.7 % |
3.9 % |
| Final sales to domestic purchasers |
|
3.9 % |
5.1 % |
4.8 % |
3.5 % |
3.8 % |
3.9 % |
| GNP |
|
- % |
5.2 % |
4.3 % |
2.7 % |
3.4 % |
3.7 % |
| Disposable personal income |
|
4.3 % |
5 % |
4.4 % |
2.6 % |
3.8 % |
3.8 % |
| |
|
|
|
|
|
|
Annual U.S. GDP
(In Billions of Dollars) |
2019
|
2018
|
2017
|
2016
|
2015
|
2014
|
| Gross domestic product
(GDP) |
|
21,433.2 |
21,427.1 |
19,390.6 |
18,624.5 |
18,036.6 |
17,418.9 |
|
Personal consumption expenditures |
|
14,544.6 |
14,561.2 |
13,395.5 |
12,820.7 |
12,283.7 |
11,930.3 |
| Goods |
|
4,512.2 |
4,505.3 |
4,295.3 |
4,121.4 |
4,012.1 |
3,968.7 |
| Durable
goods |
|
1,534.4 |
1,526.6 |
1,473.8 |
1,411.0 |
1,355.2 |
1,302.5 |
| Motor vehicles & parts |
|
521.8 |
531.2 |
498.2 |
480.8 |
464.8 |
447.8 |
| Furniture & household equipment |
|
357.4 |
353.7 |
338.7 |
325.2 |
305.1 |
287.5 |
| Other |
|
221.7 |
224.1 |
405.8 |
385.5 |
376.6 |
205.5 |
| |
|
|
|
|
|
|
|
| Nondurable goods |
|
2,977.9 |
2,978.6 |
2,821.5 |
2,710.4 |
2,656.9 |
2,666.2 |
| Food off-premises consumption |
|
1,025.7 |
1,032.4 |
937.7 |
915.1 |
900.7 |
888.6 |
| Clothing
& shoes |
|
403.5 |
398.9 |
400.2 |
393.7 |
379.5 |
365.4 |
| Gasoline,
fuel, oil & other energy goods |
|
335.4 |
338.0 |
304.1 |
273.7 |
303.7 |
398.3 |
| Other |
|
1,213.3 |
1,209.3 |
1,172.8 |
1,126.1 |
1,076.9 |
1,013.9 |
| |
|
|
|
|
|
|
|
| Services |
|
10,032.4 |
10,055.9 |
9,100.2 |
8,699.3 |
8,271.6 |
7,961.7 |
| Housing |
|
9,593.2 |
9,606.6 |
8,723.3 |
8,340.4 |
7,943.7 |
7,633.7 |
| Food services |
|
999.5 |
1,019.2 |
878.2 |
849.2 |
808.8 |
755.5 |
| Electricity & gas |
|
2,681.2 |
2,670.2 |
3,197.2 |
3,022.1 |
2,963.2 |
2,166.0 |
| Financial services |
|
1,176.1 |
1,156.1 |
1,054.6 |
984.7 |
921.1 |
885.1 |
| Transportation |
|
483.4 |
478.1 |
406.6 |
392.5 |
368.4 |
344.9 |
| Medical
care |
|
2,450.8 |
2,467.9 |
2,259.9 |
2,163.7 |
2,069.0 |
1,997.2 |
| Recreation |
|
580.4 |
586.9 |
518.0 |
492.6 |
466.3 |
444.6 |
| Other |
|
1,221.8 |
1,228.4 |
1,172.8 |
1,126.1 |
1,076.9 |
1,040.4 |
| |
|
|
|
|
|
|
|
|
Gross private domestic investment |
|
3,751.2 |
3,744.2 |
3,212.8 |
3,057.2 |
3,056.6 |
2,851.6 |
| Fixed investment |
|
3,702.1 |
3,675.9 |
3,197.2 |
3,022.1 |
2,963.2 |
2,769.6 |
| Nonresidential |
|
2,895.0 |
2,878.4 |
2,449.6 |
2,316.3 |
2,311.3 |
2,210.5 |
| Structures |
|
650.2 |
626.6 |
560.2 |
516.2 |
507.3 |
506.9 |
| Equipment & software |
|
1,241.0 |
1,240.9 |
1,098.4 |
1,043.9 |
1,086.1 |
1,017.3 |
| Information processing equipment & software |
|
397.2 |
412.7 |
323.1 |
303.9 |
314.3 |
294.1 |
| Computers & peripheral equipment |
|
90.7 |
93.0 |
79.2 |
73.1 |
78.5 |
75.7 |
| Software |
|
411.2 |
414.5 |
243.9 |
230.8 |
235.8 |
304.9 |
| Other |
|
501.9 |
503.4 |
243.9 |
230.8 |
235.8 |
218.4 |
| Industrial equipment |
|
260.9 |
252.5 |
243.3 |
225.0 |
220.9 |
238.6 |
| Transportation equipment |
|
310.3 |
301.6 |
290.3 |
286.7 |
308.1 |
257.6 |
| Other equipment |
|
272.5 |
274.1 |
241.6 |
228.3 |
242.9 |
227.0 |
| Residential |
|
807.1 |
797.5 |
747.6 |
705.9 |
651.9 |
559.1 |
| |
|
|
|
|
|
|
|
| Change
in private inventories |
|
49.1 |
68.3 |
15.7 |
35.1 |
93.4 |
82.0 |
| Farm |
|
-14.5 |
-7.6 |
2.4 |
-0.6 |
-2.0 |
7.9 |
| Nonfarm |
|
63.6 |
75.8 |
13.2 |
35.7 |
95.4 |
74.1 |
| |
|
|
|
|
|
|
|
| Net
exports of goods & services |
|
-610.5 |
-631.7 |
-571.6 |
-521.2 |
-522.0 |
-538.2 |
| Exports |
|
2,514.8 |
2,504.2 |
2,344.0 |
2,214.6 |
2,264.3 |
2,337.0 |
| Goods |
|
1,636.7 |
1,643.8 |
1,546.8 |
1,446.0 |
1,498.4 |
1,614.7 |
| Services |
|
878.0 |
860.4 |
797.1 |
768.5 |
765.9 |
722.2 |
| |
|
|
|
|
|
|
|
| Imports |
|
3,125.2 |
3,136.0 |
2,915.6 |
2,735.8 |
2,786.3 |
2,875.2 |
| Goods |
|
2,525.6 |
2,530.1 |
2,381.8 |
2,224.2 |
2,291.1 |
2,385.5 |
| Services |
|
599.6 |
605.9 |
533.8 |
511.6 |
495.2 |
489.7 |
| |
|
|
|
|
|
|
|
| Govt. consumption exp. & investment |
|
3,747.9 |
3,753.5 |
3,353.8 |
3,267.8 |
3,218.3 |
3,175.2 |
| Federal |
|
1,419.2 |
1,423.5 |
1,260.7 |
1,231.5 |
1,225.0 |
1,219.2 |
|
National defense |
|
852.4 |
846.7 |
744.4 |
728.9 |
732.0 |
761.5 |
|
Consumption expenditures |
|
676.5 |
677.9 |
588.7 |
585.2 |
590.6 |
618.9 |
|
Gross investment |
|
175.9 |
168.8 |
155.7 |
143.7 |
141.3 |
142.6 |
|
Nondefense |
|
576.8 |
540.9 |
516.2 |
502.6 |
493.0 |
457.6 |
|
Consumption expenditures |
|
420.8 |
436.1 |
389.1 |
379.4 |
373.1 |
346.3 |
|
Gross investment |
|
146.0 |
140.6 |
127.2 |
123.3 |
119.9 |
111.3 |
| State and local |
|
2,328.7 |
2,330.0 |
2,093.2 |
2,036.3 |
1,993.3 |
1,956.1 |
| Consumption
expenditures |
|
1,897.8 |
1,904.5 |
1,754.4 |
1,693.6 |
1,641.2 |
1,620.4 |
| Gross
investment |
|
431.0 |
425.4 |
338.8 |
342.7 |
352.2 |
335.7 |
| |
|
|
|
|
|
|
|
| Addenda: |
|
|
|
|
|
|
|
| Final sales of domestic product |
|
21,384.1 |
21,358.8 |
19,374.9 |
18,589.4 |
17,943.3 |
17,336.9 |
| Gross domestic purchases |
|
22,043.7 |
22,058.8 |
19,962.2 |
19,145.7 |
18,558.6 |
17,957.2 |
| Final sales to domestic purchasers |
|
21,994.6 |
21,990.6 |
19,946.5 |
19,110.6 |
18,465.2 |
17,875.1 |
| Gross national product |
|
21,702.9 |
21,723.2 |
16,592.7 |
15,842.8 |
15,246.9 |
17,630.6 |
| Net domestic product |
|
18,012.3 |
17,964.1 |
19,390.6 |
18,624.5 |
18,036.6 |
14,682.7 |
Next U.S. GDP report is expected on February 25, 2121.
|
